The Rise and Fall of Theranos

The breakthrough that broke apart.

By Steve Volk
Dec 20, 2016 6:00 AMMay 19, 2020 5:21 AM
Elizabeth Holmes - Mathew Scott
Elizabeth Holmes was a Silicon Valley billionaire on paper, but her net worth crumbled after close scrutiny. (Credit: Mathew Scott)

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Elizabeth Holmes’ bio was catnip to the tech sector’s reverence for the lone, clever pioneer. At 19, Holmes quit Stanford University and started a company that promised to revolutionize medicine. Using no needles and just a few drops of blood, Theranos claimed it could conduct hundreds of tests — for herpes, high cholesterol, hepatitis and even cancer. Consumers could be tested without a doctor’s visit or a lab appointment, and often for less than $10.

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